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Side-by-side financial comparison of MASIMO CORP (MASI) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $326.2M, roughly 1.1× New Fortress Energy Inc.). MASIMO CORP runs the higher net margin — -27.0% vs -259.7%, a 232.6% gap on every dollar of revenue. On growth, New Fortress Energy Inc. posted the faster year-over-year revenue change (-7.0% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-134.8M). Over the past eight quarters, MASIMO CORP's revenue compounded faster (-17.7% CAGR vs -26.8%).
Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
MASI vs NFE — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $326.2M |
| Net Profit | $-100.4M | $-847.1M |
| Gross Margin | 62.1% | 35.5% |
| Operating Margin | 22.5% | -193.0% |
| Net Margin | -27.0% | -259.7% |
| Revenue YoY | -26.4% | -7.0% |
| Net Profit YoY | -1124.5% | -277.4% |
| EPS (diluted) | $-1.84 | $-3.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $326.2M | ||
| Q3 25 | $371.5M | $240.3M | ||
| Q2 25 | $370.9M | $228.1M | ||
| Q1 25 | $372.0M | $384.9M | ||
| Q4 24 | $600.7M | $350.7M | ||
| Q3 24 | $504.6M | $446.0M | ||
| Q2 24 | $496.3M | $291.2M | ||
| Q1 24 | $492.8M | $609.5M |
| Q4 25 | — | $-847.1M | ||
| Q3 25 | $-100.4M | $-263.0M | ||
| Q2 25 | $51.3M | $-546.5M | ||
| Q1 25 | $-170.7M | $-175.4M | ||
| Q4 24 | $-349.6M | $-224.4M | ||
| Q3 24 | $9.8M | $9.3M | ||
| Q2 24 | $16.0M | $-88.9M | ||
| Q1 24 | $18.9M | $54.1M |
| Q4 25 | — | 35.5% | ||
| Q3 25 | 62.1% | 18.1% | ||
| Q2 25 | 62.9% | 8.4% | ||
| Q1 25 | 62.9% | 21.4% | ||
| Q4 24 | 40.7% | 17.6% | ||
| Q3 24 | 52.2% | 27.1% | ||
| Q2 24 | 51.3% | 23.8% | ||
| Q1 24 | 49.0% | 62.4% |
| Q4 25 | — | -193.0% | ||
| Q3 25 | 22.5% | -37.4% | ||
| Q2 25 | 17.4% | -170.3% | ||
| Q1 25 | 21.0% | -3.3% | ||
| Q4 24 | -59.8% | 65.0% | ||
| Q3 24 | 6.0% | 17.8% | ||
| Q2 24 | 5.7% | 12.3% | ||
| Q1 24 | 6.9% | 30.4% |
| Q4 25 | — | -259.7% | ||
| Q3 25 | -27.0% | -109.4% | ||
| Q2 25 | 13.8% | -239.6% | ||
| Q1 25 | -45.9% | -45.6% | ||
| Q4 24 | -58.2% | -64.0% | ||
| Q3 24 | 1.9% | 2.1% | ||
| Q2 24 | 3.2% | -30.5% | ||
| Q1 24 | 3.8% | 8.9% |
| Q4 25 | — | $-3.03 | ||
| Q3 25 | $-1.84 | $-0.96 | ||
| Q2 25 | $0.94 | $-1.99 | ||
| Q1 25 | $-3.12 | $-0.65 | ||
| Q4 24 | $-6.54 | $-1.10 | ||
| Q3 24 | $0.18 | $0.03 | ||
| Q2 24 | $0.29 | $-0.42 | ||
| Q1 24 | $0.35 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $312.3M | $226.5M |
| Total DebtLower is stronger | $559.1M | $8.2B |
| Stockholders' EquityBook value | $810.0M | $182.6M |
| Total Assets | $1.8B | $10.6B |
| Debt / EquityLower = less leverage | 0.69× | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $226.5M | ||
| Q3 25 | $312.3M | $145.2M | ||
| Q2 25 | $149.6M | $551.1M | ||
| Q1 25 | $130.8M | $447.9M | ||
| Q4 24 | $177.6M | $492.9M | ||
| Q3 24 | $158.5M | $90.8M | ||
| Q2 24 | $129.6M | $133.0M | ||
| Q1 24 | $157.6M | $143.5M |
| Q4 25 | — | $8.2B | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | $8.9B | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — | ||
| Q1 24 | $876.0M | — |
| Q4 25 | — | $182.6M | ||
| Q3 25 | $810.0M | $1.1B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $946.4M | $1.8B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.4B | $1.7B |
| Q4 25 | — | $10.6B | ||
| Q3 25 | $1.8B | $12.0B | ||
| Q2 25 | $2.4B | $12.0B | ||
| Q1 25 | $2.3B | $13.1B | ||
| Q4 24 | $2.6B | $12.9B | ||
| Q3 24 | $3.1B | $12.0B | ||
| Q2 24 | $2.9B | $11.4B | ||
| Q1 24 | $3.0B | $10.9B |
| Q4 25 | — | 44.78× | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | 4.74× | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $56.8M | $-76.2M |
| Free Cash FlowOCF − Capex | $50.9M | $-134.8M |
| FCF MarginFCF / Revenue | 13.7% | -41.3% |
| Capex IntensityCapex / Revenue | 1.6% | 18.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-76.2M | ||
| Q3 25 | $56.8M | $-171.0M | ||
| Q2 25 | $69.4M | $-329.0M | ||
| Q1 25 | $31.1M | $-7.2M | ||
| Q4 24 | $50.5M | $445.3M | ||
| Q3 24 | $25.6M | $-20.0M | ||
| Q2 24 | $74.5M | $113.9M | ||
| Q1 24 | $45.8M | $63.0M |
| Q4 25 | — | $-134.8M | ||
| Q3 25 | $50.9M | $-231.6M | ||
| Q2 25 | $65.6M | $-726.7M | ||
| Q1 25 | $28.5M | $-262.3M | ||
| Q4 24 | $46.0M | $-210.3M | ||
| Q3 24 | $16.9M | $-367.0M | ||
| Q2 24 | $66.9M | $-493.2M | ||
| Q1 24 | $37.6M | $-457.9M |
| Q4 25 | — | -41.3% | ||
| Q3 25 | 13.7% | -96.4% | ||
| Q2 25 | 17.7% | -318.6% | ||
| Q1 25 | 7.7% | -68.2% | ||
| Q4 24 | 7.7% | -60.0% | ||
| Q3 24 | 3.3% | -82.3% | ||
| Q2 24 | 13.5% | -169.3% | ||
| Q1 24 | 7.6% | -75.1% |
| Q4 25 | — | 18.0% | ||
| Q3 25 | 1.6% | 25.2% | ||
| Q2 25 | 1.0% | 174.4% | ||
| Q1 25 | 0.7% | 66.3% | ||
| Q4 24 | 0.7% | 187.0% | ||
| Q3 24 | 1.7% | 77.8% | ||
| Q2 24 | 1.5% | 208.4% | ||
| Q1 24 | 1.7% | 85.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | -2.15× | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
